Global Data Protection as a Service Market By Product Type [Disaster Recovery as a Service (DRaaS), Backup as a Service (BaaS) and Storage as a Service (STaaS)], By Deployment (Public Cloud, Private Cloud and Hybrid Cloud), By End-Use (SMEs and Large Enterprises) By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Data Protection as a Service Overview:

The market for data protection as a service in the world was valued at USD 17,469.9 million in 2021. This market is expected to grow at a compound annual growth rate of 17.3% from 2023-2032.

Companies now look at cloud-based options and services to protect critical data from theft, loss, and other operational disasters.

Global Data Protection as a Service Market Scope:

Service type analysis

DPaaS can be divided according to service type. Larger businesses will use the service to recover from disasters. This segment has seen a lot of growth due to the demand for cloud-based storage services, long-term records retention, and databases that can be used to increase business continuity.

During the forecast period, disaster recovery will be the fastest-growing segment of the market. As employees become more dependent upon remote infrastructure, they need recovery solutions.

Deployment analysis

Hybrid cloud deployments made up 42% global market share in 2021. The hybrid cloud offers enterprises more flexibility and better deployment options. For example, an enterprise could use the private cloud to store sensitive data or for low security. Because of its flexibility, cost-effectiveness, and control, hybrid cloud models are becoming more popular.

Public cloud deployments will continue to gain popularity after the successful hybrid cloud segment. Large enterprises love the cloud because it is scalable, reliable, and supports any failure.

End-Use analysis

Large enterprise end-users accounted for a significant overall market revenue share. It is important that large enterprises consider various data recovery and security solutions. There is also a lot of data shared among businesses. The need to back up and manage data is the driving force behind the DPaaS marketplace.

The segment of Small and Medium Enterprises (SMEs), is expected to experience a high compound annual growth rate over the forecast period. The segment growth is primarily due to the growing use of cloud-based services by SMEs. SMEs prefer to choose cost-effective deployment methods as they do not have the computing power on-site to store or share data. The growing threat of data theft, the necessity for long-term storage, and the requirement for reliable backup services all contribute to the market’s acceptance by SMEs.

Кеу Маrkеt Ѕеgmеntѕ:

By Service Type

• Disaster Recovery as a Service (DRaaS)
• Backup as a Service (BaaS)
• Storage as a Service (STaaS)

By Deployment

• Public Cloud
• Private Cloud
• Hybrid Cloud

By End-Use

• SMEs
• Large Enterprises

Market Dynamics:

The IT infrastructure industry has undergone a dramatic shift from being product-based to becoming service-based. This service allows businesses to scale up their backup solutions and protects data across all computing and storage environments.

Also, DPaaS can be used to protect and restore data within the database. These environments have limited bandwidth, which means that they can only make small backups to recover information. They provide efficient recovery options, which allow them to back up data frequently before it goes wrong.

Companies are now being held more accountable for compliance with regulations and standards like the Data Protection Act and GDPR. It is important to work together to plan and follow through on checks.

Market growth is also influenced largely by the increased use of Bring Your Own Device or CYOD (Choose Your Own Device), trends in the enterprise.

Regional Analysis:

40% is attributed to North America in 2021, which accounts for more than half of the total market share. Increased cyberattacks and increased spending on cloud-based and data protection solutions are two of the reasons for the region’s growth. It is also expected that the U.S. has a large IT Infrastructure, cloud solution providers, and data protection vendors. The largest share of the regional market was held by the United States and will continue to be so throughout the forecast period. This is due to increased spending on data protection and storage solutions.

The Asia Pacific is forecast to grow at an average rate of 34.4% during the forecast period. A large amount of data is stored on the computing infrastructure as a result of digitalization. In order to maintain and protect the IT infrastructure critical for power outages, sudden infrastructure breakdowns, and natural disasters, businesses increasingly use disaster recovery and backup solutions.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Data protection is a competitive market due to large data protection vendors. Hitachi Vantara LLC (a Hitachi Ltd. division that provides data management solutions for businesses in order to increase operational efficiencies) launched DPaaS in April 2019. This provides enterprises with a complete package of data security options.

The market is becoming increasingly competitive because of the growing demand for disaster recovery, backup, and other services. NetApp scale-out protection was launched in April 2020 by Commvault in America. It is powered by Commvault’s full backup recovery software. NetApp, Inc., along with its channel partners, can use the service to provide disaster recovery, backup, and snapshot management functionality.

Маrkеt Кеу Рlауеrѕ:

• Asigra, Inc.
• Amazon Web Services, Inc.
• Cisco Systems, Inc.
• Commvault Systems, Inc.
• Dell Inc.
• HP Development Company L.P.
• IBM
• Microsoft
• NetApp, Inc.
• Oracle
• Quantum Corporation
• Veritas Technologies
• Other Key Players

For the Data Protection as a Service Market research study, the following years have been considered to estimate the market size: